Solana Snaps 10-Month Losing Streak as Institutional ETF Inflows Top $1.3 Billion

Solana broke a ten-month streak of red candles by closing August with a 46% gain, settling near $103 after peaking at $110.38. The network saw cumulative exchange-traded fund inflows reach $1.34 billion during the recovery, providing sustained buying pressure. Bitwise's BSOL ETF emerged as the dominant institutional vehicle, officially crossing $1 billion in assets under management. Despite the 70% rebound from cycle lows of $60, the token still faces a steep 185% climb to reclaim its January 2025 all-time high of $294. The protocol successfully executed SGP-0002, marking its first binding on-chain governance vote for decentralized decision-making.